To prevent the use of the insurance policy for wagering purposes, the person who is to be indemnified under the contract must have:
A) good faith.
B) an insurable interest.
C) a binder.
D) a coinsurance clause.

Question

Quizplus · Accepted Answer

An insurable interest is required to ensure that the policyholder has a legitimate interest in the preservation of the insured item or person, preventing the policy from being used for gambling.

To Prevent the Use of the Insurance Policy for Wagering